Daily Current Affairs July 24, 2024
- Oscar Piastri’s F1 Title Victory:
- Australian Formula 1 (F1) racer Oscar Piastri secured his first-ever F1 title victory at the Hungarian Grand Prix. In a strong McLaren one-two finish, he led alongside British-Belgian racer Lando Norris. However, late-race team orders saw Norris relinquish the lead, overshadowing the celebration.
- India Hosting the World Heritage Committee Meeting:
- India is hosting the World Heritage Committee Meeting for the first time. The event takes place from July 21 to 31, 2024, at Bharat Mandapam in New Delhi. The committee annually manages all matters related to World Heritage and decides on sites to be inscribed on the World Heritage list.
- Singapore’s Powerful Passport Ranking:
- Singapore has regained its title as the world’s most powerful passport. According to the Henley Passport Index, it offers visa-free access to a record 195 global destinations. India ranks 82nd, allowing visa-free entry to 58 countries.
- CMA Bibhuti Bhusan Nayak’s ICMAI Presidency:
- CMA Bibhuti Bhusan Nayak, a Fellow Member of the Institute of Cost Accountants of India (ICMAI), has been unanimously elected as the 67th President of ICMAI for the 2024-2025 term. With over 30 years of professional experience in finance and cost accountancy, Nayak becomes Odisha’s third Cost Accountant to hold this esteemed role.
- Krishnan Venkat Subramanian’s Appointment at Federal Bank:
- The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian as Managing Director & Chief Executive Officer of Federal Bank. This decision was communicated through an exchange filing.
- India’s Forest Cover Assessment:
- The Forest Survey of India (FSI), based in Dehradun, assesses forest cover biennially. As per the latest India State of Forest Report (ISFR) published in 2021, the country’s total forest cover spans 7,13,789 square kilometers, representing 21.71% of the geographical area. State-wise details are available in the ISFR since 2019.
- Waste-to-Charcoal Plants in Gurugram and Faridabad:
- Municipal Corporations of Gurugram and Faridabad plan to establish waste-to-charcoal plants (green coal plants) in their districts. These plants, using indigenous technology, will convert 1,500 tonnes of waste daily into charcoal. The project cost for each plant is ₹500 crore.
- Mumbai’s First Underground Metro (Aqua Line):
- Mumbai, India’s bustling financial capital, is witnessing a significant transformation in its urban transit system. The inauguration of its first underground metro, known as the Aqua Line, is set to enhance connectivity and ease transportation.
- Passing of Distinguished Economist C.T. Kurien:
- C.T. Kurien, a distinguished economist and former professor of Madras Christian College, passed away at the age of 93 due to age-related ailments.
- National Income Tax Day:
- National Income Tax Day, observed on July 24, marks a significant milestone in India’s fiscal history. It commemorates the crucial government levy on the income earned by individuals and businesses.
